UBS Group Forecasts Strong Price Appreciation for NETSTREIT (NYSE:NTST) Stock

NETSTREIT (NYSE:NTST) had its target price hoisted by research analysts at UBS Group from $20.00 to $21.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 11.76% from the company’s current price.

NTST has been the subject of several other research reports. Raymond James Financial restated a “strong-buy” rating and issued a $21.00 price target on shares of NETSTREIT in a research note on Wednesday, July 30th. Truist Financial set a $19.00 price target on NETSTREIT in a research note on Friday, July 25th. Robert W. Baird lifted their price target on NETSTREIT from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Finally, Bank of America upgraded NETSTREIT from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $18.00 to $19.00 in a research note on Monday, July 28th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, NETSTREIT has a consensus rating of “Buy” and a consensus price target of $18.93.

NETSTREIT Price Performance

Shares of NETSTREIT stock opened at $18.79 on Friday. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.70. NETSTREIT has a twelve month low of $13.42 and a twelve month high of $19.01. The business has a 50-day moving average price of $17.51 and a 200 day moving average price of $16.10. The firm has a market cap of $1.57 billion, a PE ratio of -234.88, a P/E/G ratio of 4.32 and a beta of 0.89.

Institutional Investors Weigh In On NETSTREIT

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of NETSTREIT by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 8,275,681 shares of the company’s stock worth $131,170,000 after purchasing an additional 315,888 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of NETSTREIT by 61.3% during the 1st quarter. Principal Financial Group Inc. now owns 7,741,808 shares of the company’s stock worth $122,708,000 after purchasing an additional 2,941,600 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of NETSTREIT by 5.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,834,118 shares of the company’s stock worth $96,703,000 after purchasing an additional 354,973 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its holdings in shares of NETSTREIT by 13.8% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 3,836,565 shares of the company’s stock worth $64,953,000 after purchasing an additional 464,980 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its holdings in shares of NETSTREIT by 30.9% during the 4th quarter. Deprince Race & Zollo Inc. now owns 3,044,157 shares of the company’s stock worth $43,075,000 after purchasing an additional 718,193 shares during the last quarter.

NETSTREIT Company Profile

NETSTREIT Corp. is an internally managed real estate investment trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets.